Commodity forecast for 7 March 2014

Mcx commodity forecast, outlooks, premarket, intraday levels, technical analysis, chart analysis, price trends for 7 March 2014.

Commodity forecast for 7 March 2014

MCX GOLD April expiry future last closed at 30,193 with gain. In intraday mcx gold future’s high was at 30,235 while low was at 29,900. Total 350-rupee intraday range and closed with gain. Reversal in comex future keep price pushing higher.

MCX SILVER May expiry future last closed at 47,185 with gain. In intraday mcx silver future’s high was at 47,300 while low was at 46,400. Total almost 900-rupee intraday range and closed with gain. Comex future reversal keep primary trend intact.

 

MCX ALUMINIUM March expiry future last closed at 107.7 with gain. In intraday mcx aluminium, future hit high at 108 while low was at 106. Total 2-rupee intraday range and closed with gain. Above 105, keep buy on dips view.

MCX COPPER April expiry future last closed at 436.8 with loss. In intraday mcx, copper future made high at 439 while low was at 436. Total 3-rupee intraday range and closed with loss. Looking weak and may test support 434-432.

MCX LEAD March expiry future last closed at 129.8 with loss. In intraday mcx lead future’s high was at 130.65 while low was at 129.8. Total 2-rupee intraday range and closed loss. Mcx lead futures Next major support at 128.

MCX NICKEL March expiry future last closed at 947.2 with gain. In intraday mcx nickel future’s high was at 953 while low was at 927. Total 26-rupee intraday range and closed with gain. Prices are heading for 980 on upside.

MCX ZINC March expiry future last closed at 128.9 with loss. In intraday mcx zinc, future hit high at 130 while low was at 128.9. Total 1.1-rupee intraday range and closed with loss. May test support zone of 127-128.

 

MCX CRUDEOIL March expiry future last closed at 6116 with loss. In intraday mcx crude oil, future hit high at 6263 while low was at 6110. Total almost 150 rupee intraday and closed with loss. Crude is heading towards major support zones.

MCX NATURALGAS March expiry future last closed at 282.6 with gain. In intraday mcx natural gas, future made high at 287 while low was at 277. Total 10-rupee intraday range and closed with gain. On downside, watch 276-280 zones as strong support.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
COPYRIGHT © 2009-2018. Pramod Baviskar. Dalal street winners advisory and coaching services. FAQ | Disclaimer | Privacy Policy

This website is best viewed using Microsoft Internet Explorer 9 or higher, and/or latest version of Google Chrome and Mozila Firefox browsers.